HomeMy WebLinkAboutResolution - 2004-R0371 - Amendment To Financial Advisory Agreement - First Southwest Company - 07_21_2004Resolution No. 2004—RO371
July 21, 2004
Item No. 18
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed
to execute for and on behalf of the City of Lubbock an Amendment to Financial Advisory
Agreement by and between the City of Lubbock and First Southwest Company. Said
Amendment is attached hereto and incorporated in this Resolution as if fully set forth
herein and shall be included in the minutes of the Council.
Passed by the City Council this
ATTEST:
Reb cca Garza, City Secretary IS
VED AS TO CONTENT:
' Wderly Hodges/
Managing Dir r of
21st
APPROVED AS TO FORM:
0 �Z�
Richard K. Casner
First Assistant City Attorney
ke/ccdocslFirstsouthwest. amend. Res
July 12, 2004
day of A July
MCDOWAL, MAYOR
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Resolution No. 2004-RO371
July 21, 2004
Item No. 18
AMENDMENT
TO
FINANCIAL ADVISORY AGREEMENT
THIS Agreement is entered into by and between First Southwest Company
("FSC") and the City of Lubbock, Texas ("Issuer"), on this 21st day of July, 2004.
WHEREAS, Issuer and FSC entered into that certain Finance Advisory
Agreement (the "Original Agreement") on or about August 12, 1999, for the provision by
FSC of services related to financial matters;
WHEREAS, the term of the Original Agreement will expire, as per Section III,
thereof, on August 12, 2004;
WHEREAS, Issuer is in need of the services of FSC for an additional period of
time, being through the end of September, 2004;
WHEREAS, Issuer and FSC now desire to amend the Original Agreement to
provide for such extended term. NOW, THEREFORE,
The Issuer and FSC agree as follows:
1. SECTION III — TERM OF AGREEMENT of the Original Agreement is
hereby deleted in its entirety and replaced with the following:
SECTION III
TERM OF AGREEMENT
This Agreement shall become effective as of the date
executed by the Issuer as set forth on the signature
page hereof and, unless terminated by either party
pursuant to Section IV of this Agreement, shall
remain in effect through and including September 30,
2004.
2. Except as amended hereby, the terms of the Original Agreement remain
as originally provided, and Issuer and FSC hereby acknowledge that the
Original Agreement, as amended herein, continues to be a valid and
subsisting agreement.
Executed this 21st day of July, 2004.
ATTEST:
Rebecca Garza, City Secretary '
AS TO CONTENT:
Managing DijectqCof
APPROVED AS TO FORM:
Richard K. Casner
First Assistant City Attorney
CITY OF L
MCHejUGAL, MAYOR
FIRST SOUTHWEST COMPANY
By:7�2/�- -�54r,�
Name: Hill A. Feinberg, Chairman and
Chief Executive Officer
By:
Name: Vince Viaille, Vice President